The UCC's purpose is:
A) to give each state a unique set of trade laws
B) to mediate international business disputes
C) to simplify, clarify and modernize the law governing commercial transactions
D) to reduce taxes
E) to make it easier to prosecute parties who breach contracts
Correct Answer:
Verified
Q150: The UCC's Article 2 does not cover
Q151: The UCC defines goods as:
A) all things
Q152: UCC Article 2 has been adopted:
A) by
Q153: Lex mercatoria refers to:
A) medieval European rules
Q154: Most states accept the UCC's provisions on
Q156: Contracts under Article 2 of the UCC
Q157: The UCC's purpose is:
A) to give each
Q158: Every state except _ has adopted UCC
Q159: Louisiana is the only state that has
Q160: Lex mercatoria refers to:
A) medieval European rules
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